Business Checking Accounts
Better checking, built for any Michigan business.
Built for your Michigan business
Designed for where your business is at, whether it’s already boomin’ or soon-to-be. Our business checking accounts give you the flexibility, low fees, and easy access you need to keep things moving, with digital banking and local support that’ll never let your progress hit a pause.
Business Checking Benefits
Everything you need, with every account
Both of our business checking accounts come stock with all the great stuff you need to get ahead. At just $5 to open and no minimum balance required, you’re getting unlimited ACH deposits and withdrawals without limits, plus a whole lot more.
Just $5 to Open
$5 is all it takes to become a Community Financial member, and it’s all you’ll need to get your business started with us.
No Minimum Required
No monthly minimums to keep your account active, and no maintenance fee on our Free Business Checking Account.
Free Deposits
Get free deposit items with either business checking account, plus unlimited free ACH deposits regardless of which you choose.
No Withdrawal Limits
Both business checking accounts offer unlimited withdrawals, because we believe in using your money when you need it.
Free Business Checking Details
Free Business Checking
Get paid and pay out without restrictions, so you can free up time and money for more of the important stuff. It’s a great place to start when you’re just starting out.
- Ideal for small business and startups
- No minimum balance
- No monthly maintenance fee
- No withdrawal limits
- Unlimited free ACH deposits
- 20 free checks paid per month, $0.30 after
- Overdraft protection available from savings, Mastercard, or HELOC
- Comprehensive digital banking capabilities
- Remote deposit capture
- Monthly statements
- NCUA Federally insured only up to $250,000
- Additional Excess Share Insurance (free of charge) only up to $100,000
- Just $5 to open
Business Checking Details
Business Checking
When there’s a lot going in and out, we’ve got you covered with cheaper transactions and dividends paid on the balance you keep.
- No minimum balance
- No withdrawal limits
- Unlimited free ACH deposits
- Dividends compounded and paid monthly
- Overdraft protection available from savings, Mastercard, or HELOC
- Comprehensive online digital banking
- Remote deposit capture
- Monthly statements
- Up to $9 monthly maintenance fee
- Monthly fee waived with $5,000 daily average balance
- NCUA Federally insured only up to $250,000
- Additional Excess Share Insurance (free of charge) only up to $100,000
- Just $5 to open
Credit Union Business Account Opening Requirements
Start here
To make opening your business account as quick and easy as possible, please see the info below for required documentation.
Eligible Business Types
As a Michigan Credit Union dedicated to supporting our local communities, we’re proud to serve both businesses and non-profits across the state of Michigan, including:
- Sole Proprietorships
- Limited Liability Companies (LLCs)
- Partnerships
- Corporations
- Non-profits & Associations
Required Documents
Collect these ahead of time to make things easy!
- Business formation documents (e.g., Articles of Incorporation, Articles of Organization)
- Employer Identification Number (EIN) or Social Security Number for sole proprietors
- Operating agreement (for LLCs)
- Partnership agreement (for partnerships)
- Non-profit determination letter (for non-profits)
For complete details, see our Business Account Opening Checklist!
Michigan Credit Union Business Checking
Open a Business Checking Account
Getting started is easy—just send us a message or give our business team a call.
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All Business Accounts
Business accounts you can count on
We do it all when it comes to the businesses that keep Michigan going. From simple, no-sweat savings to checking with built-in payroll power, and money markets that make every dollar count, we’re here to handle whatever you can throw at us.
What We Do
Making Impossible Dreams come true on the daily.
Wherever you are on your financial journey, you Belong here.
